HNI Corporation Reports Second Quarter 2026 Results
HNI Corporation reported Q2 2026 net sales of $1.5 billion, a 121% increase year-over-year driven by the Steelcase acquisition, while organic sales grew 0.1%. GAAP diluted EPS was $0.70, down 31% YoY due to acquisition costs, but Non-GAAP diluted EPS grew 14% YoY to $1.27, in line with expectations excluding net tariff impacts. The company raised its full-year 2026 outlook, now projecting non-GAAP EPS growth of 20-25% including net tariff benefits. Management cited accelerating demand trends, operational productivity improvements, and progress on cost actions as key drivers for the stronger earnings trajectory.
Key figures
- Eps
- 0.7
- Revenue
- 1472400000
- Guidance
- Non-GAAP EPS growth of 20-25 percent for full year 2026
- Revenue Yoy
- 121%
- Eps non gaap
- 1.27
- Net income gaap
- 51100000
- Eps non gaap yoy
- 14.4%
- Net income non gaap
- 92600000
- Steelcase synergies
- $120 million
- Operating income gaap
- 92100000
- Workplace orders growth
- 5%
- Operating income non gaap
- 141400000
AI analysis
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